The chain is on track to rake in a whopping $24.8 million this year — a figure set to soar to $40 million in 2019.

And by 2020, there will be 45 Gami outlets across the country.

It’s been a remarkable ride for founders Jun Lee, Roi Yoon, Max Ji and Ayden Jung, who met at Melbourne’s Monash University as recently-arrived Korean international students.

Gami’s marketing director and co-founder Jun Lee told news.com.au the company’s revenue had more than doubled in the past 12 months alone, a feat all the more surprising given the tough franchise environment in Australia at the moment.

“We were uni students when we met and we were in our second year at Monash having beers one day and worrying about what we were going to do,” he said.

“We had a passion for food but we were studying business and IT which didn’t really align.

“We started talking about how great it would be if in 10 years’ time after graduation we did something together.”

At another catch up over beers a few years later, they decided to stick to their promise, and narrowed down their business idea to be centred around Korean food.

Gami Chicken & Beer co-founder Jun Lee said the multimillion-dollar business was born over a few beers with mates. Picture: SuppliedSource:Supplied

Deciding to steer clear of Korean barbecue, which had already flooded the market, the group eventually settled on Korean fried chicken, because while it was a unique, niche concept in Australia, it had already existed in Korea for decades.

“It had already proven popular and we knew it wasn’t going to fade away like a quick trend,” Mr Lee said.

The group used their own savings to launch their first humble restaurant, initially relying on word of mouth to attract customers.

But Mr Lee said the secret to Gami’s unique success was keeping the concept simple but doing it well, growing the business organically over time rather than launching new stores “overnight”, using good quality ingredients and using local supply chains.

He said the Australian market was also “very receptive” to new food trends, which meant it was embraced from very early on.

But while Gami Chicken & Beer goes from strength to strength, other Aussie franchises haven’t been so lucky.

Earlier this month, popular chocolate chain Max Brenner announced it had gone into voluntary administration and would close most Australian stores, while Retail Food Group, which includes Gloria Jean’s and Donut King, will shut 250 stores across the country following its $307 million loss announced in August.